Blair
made his remarks in response to a shareholder question that noted the
share price has been near, at, or above $100 -- historically the
threshold for the company to approve stock splits.

Blair
said the Oregon sports footwear and equipment company's board could now
decide on a split because of its action Wednesday: approving a plan to
repurchase $8 billion in Nike's class B common stock. The company's
current $5 billion share repurchase program will be completed during the
second quarter of fiscal 2013.

"The
board of directors wants to have the flexibility of splitting the stock
in the future if and when it determines it is in the best interest of
the company to do so," Blair said.

Over
the past decade, Nike has spent $10 billion in repurchasing more than
167 million shares. Nike has approximately 361 million shares of Class B
Common Stock outstanding as of Aug. 31.

Blair's remarks came toward the end of an uneventful annual meeting that lasted about 40 minutes.

Chief executive Mark Parker reviewed several high points for the company from the past year, including:

The
Nike FuelBand, a wristband the company introduced in February that
measures physical activity in propriety units called "NikeFuel."

NFL
jerseys and other gear, unveiled at an April event in New York City.
The company took over making uniforms from Reebok and will holds the
contract for the next five seasons.

Nike Flyknit, a shoe upper that uses little more than thread and reduces production waste.

Revenue
examples, such as running, which is now a $3.7 billion business -- a 32
percent increase over fiscal 2012, which was 30 percent higher than
fiscal 2011. Converse, which Nike purchased out of bankruptcy in 2009,
which was earning about $200 million annually, now is a $1.3 billion
brand. Nike lightweight Lunar shoes, launched four years ago, accounted
for $2 billion in sales in the last year.

Parker
also noted that two subsidiaries, Umbro and Cole Haan, are for sale.
"It's crucial we concentrate on better serving our core consumers,"
Parker said.

Parker reiterated the company goal to earn $28 billion to $30 billion by the end of fiscal 2015.

At
the conclusion of his remarks, Parker turned over the microphone to
board chairman and company co-founder Phil Knight. Parker did so by
noting that Knight is a recent inductee in the Pro Basketball Hall of
Fame.

To
that, Knight said his former basketball coach at Portland's Cleveland
High School would be "turning over in his grave" to know that a senior
who averaged 3 points per game would be elevated to such a status.